Het Monitoring Rapport Corporate Governance Code over boekjaar 2019: tijd voor vernieuwing?

Purpose The purpose of this paper is to provide further empirical evidence on the asymmetric cost behavior, cost stickiness, in an emerging country, Egypt, which lacks academic research on this subject. Design/methodology/approach This study uses multiple regression analysis to analyze the behavior of selling, general, and administrative costs (SG&A) and cost of goods sold (CGS) individually and jointly using total costs (TC) for the period 2004-2011 for Egyptian-listed firms. In addition, the study compares the cost behavior three years prior to and after the application of the corporate governance code in Egypt in 2007. Findings The results indicate that asymmetric cost behavior is common among Egyptian-listed firms as their SG&A, CGS, and TC were found to be sticky during the study period. The application of the corporate governance code in Egypt was found to affect the nature of SG&A – the behavior of these costs changed from sticky before the code to anti-sticky after the application of the code. Moreover, the code was found to affect the magnitude of stickiness of both CGS and TC. Originality/value Greater awareness about cost behavior is important for emerging markets such as Egypt in order to protect investors’ interests and satisfy their information needs. To the best of our knowledge, this study is the first to provide evidence on cost stickiness in Egypt. Moreover, this study provides further evidence on the correlation between corporate governance and asymmetric cost behavior.

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The Bahraini corporate governance code: Its effect on the corporate sector

Higher Education in the Twenty-First Century II ◽

10.1201/b19335-10 ◽

2015 ◽

pp. 97-106

Keyword(s):

Corporate Governance ◽

Corporate Sector ◽

Corporate Governance Code

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Performance, corporate governance and new regulation

ENERO-JUNIO 2021 - Revista Innovaciones de Negocios ◽

10.29105/rinn9.18-4 ◽

2017 ◽

Vol 9 (18) ◽

Author(s):

Heriberto García

Keyword(s):

Corporate Governance ◽

Financial Performance ◽

Financial Market ◽

Information Disclosure ◽

Potential Growth ◽

Listed Firms ◽

Risk Return ◽

Corporate Governance Code ◽

Governance Practices ◽

The Relationship

Abstract. After the adoption of the Corporate Governance Code (Code) in Mexico, many companies increased financial performance and the leveraged during the following five years; we investigated the effect of how those firms improved the corporate governance practices and how was translated into better risk return company. We analyzed how and where better corporate governance practices affects performance and what was the relationship with Transparency, New Regulation and Governance Practices. Also we explored the gaps between transparency and information disclosure of Mexican Firms listed in U.S stockexchange and non U.S listed firms our findings were related to the potential growth of the Mexico Financial Market, Law and Finance.Keywords: corporate governance, financial performance, regulationResumen. Después de la adopción del Código de Gobierno Corporativo en México, algunas compañías incrementaron el desempeño financiero y el uso de deuda durante los siguientes cinco anos, nuestra investigación se enfoca en como dichas compañías mejoraron sus prácticas de gobierno corporativo y como estas prácticas se han traducido en un mejor relación de riesgo y rendimiento. En esta investigación exploramos cómo y en dónde mejores prácticas de gobierno corporativo afectan el desempeño y qué relación tiene con laTransparencia, Nuevas Regulaciones y prácticas de Gobierno Corporativo. Con lo anterior también identificamos aquellas compañías que cotizan fuera de México para identificar potenciales diferencias en dichas prácticas.Palabras clave: desempeño financiero, gobierno corporativo, regulación

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Uniformity as response to soft law: Evidence from compliance and non-compliance with the Dutch corporate governance code

Regulation & Governance ◽

10.1111/j.1748-5991.2011.01118.x ◽

2011 ◽

Vol 5 (4) ◽

pp. 480-498 ◽

Cited By ~ 36

Author(s):

Reggy Hooghiemstra ◽

Hans van Ees

Keyword(s):

Corporate Governance ◽

Soft Law ◽

Corporate Governance Code

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From Cadbury to Kay: discourse, intertextuality and the evolution of UK corporate governance

Accounting Auditing & Accountability Journal ◽

10.1108/aaaj-01-2015-1955 ◽

2018 ◽

Vol 31 (5) ◽

pp. 1542-1562 ◽

Cited By ~ 5

Author(s):

Michael Price ◽

Charles Harvey ◽

Mairi Maclean ◽

David Campbell

Keyword(s):

Corporate Governance ◽

Critical Discourse Analysis ◽

Critical Discourse ◽

Governance Reform ◽

Content Type ◽

Main Research ◽

Corporate Governance Code ◽

Set Up ◽

The Uk ◽

Canonical Texts

PurposeThe purpose of this paper is to answer two main research questions. First, the authors ask the degree to which the UK corporate governance code has changed in response to both systemic perturbations and the subsequent enquiries established to recommend solutions to perceived shortcomings. Second, the authors ask how the solutions proposed in these landmark governance texts might be explained.Design/methodology/approachThe authors take a critical discourse approach to develop and apply a discourse model of corporate governance reform. The authors draw together data on popular, corporate-political and technocratic discourses on corporate governance in the UK and analyse these data using content analysis and the historical discourse approach.FindingsThe UK corporate governance code has changed little despite periodic crises and the enquiries set up to investigate and make recommendation. Institutional stasis, the authors find, is the product of discourse capture and control by elite corporate actors aided by political allies who inhabit the same elite habitus. Review group members draw intertextually on prior technocratic discourse to create new canonical texts that bear the hallmarks of their predecessors. Light touch regulation by corporate insiders thus remains the UK approach.Originality/valueThis is one of the first applications of critical discourse analysis in the accounting literature and the first to have conducted a discursive analysis of corporate governance reports in the UK. The authors present an original model of discourse transitions to explain how systemic challenges are dissipated.

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